Charles Schwab Investment Management Inc. Sells 7,350 Shares of Digital Realty Trust, Inc. (NYSE:DLR)

Charles Schwab Investment Management Inc. reduced its holdings in shares of Digital Realty Trust, Inc. (NYSE:DLR) by 0.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,510,662 shares of the real estate investment trust’s stock after selling 7,350 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Digital Realty Trust were worth $568,130,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. bought a new position in shares of Digital Realty Trust during the second quarter valued at about $25,000. Gradient Investments LLC lifted its position in shares of Digital Realty Trust by 75.2% during the 2nd quarter. Gradient Investments LLC now owns 177 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 76 shares in the last quarter. American Capital Advisory LLC purchased a new position in shares of Digital Realty Trust in the 2nd quarter worth approximately $27,000. Private Ocean LLC bought a new position in shares of Digital Realty Trust in the second quarter valued at approximately $27,000. Finally, Asset Dedication LLC purchased a new stake in shares of Digital Realty Trust during the second quarter valued at approximately $31,000. 99.71% of the stock is owned by institutional investors.

Digital Realty Trust Stock Performance

DLR opened at $187.49 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.81. The company has a market cap of $62.19 billion, a price-to-earnings ratio of 157.55, a PEG ratio of 4.97 and a beta of 0.59. Digital Realty Trust, Inc. has a 12-month low of $130.00 and a 12-month high of $193.88. The company’s 50 day moving average is $168.94 and its 200 day moving average is $156.03.

Digital Realty Trust (NYSE:DLR) last posted its quarterly earnings data on Thursday, October 24th. The real estate investment trust reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.67 by ($1.58). The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Digital Realty Trust had a net margin of 8.04% and a return on equity of 2.24%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.62 earnings per share. On average, equities research analysts predict that Digital Realty Trust, Inc. will post 6.71 EPS for the current year.

Digital Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 13th will be paid a $1.22 dividend. This represents a $4.88 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, December 13th. Digital Realty Trust’s dividend payout ratio (DPR) is 410.08%.

Wall Street Analysts Forecast Growth

DLR has been the subject of a number of recent analyst reports. HSBC upgraded Digital Realty Trust from a “reduce” rating to a “hold” rating and upped their price objective for the company from $124.00 to $160.00 in a research note on Friday, October 4th. TD Cowen raised their price target on Digital Realty Trust from $120.00 to $128.00 and gave the stock a “hold” rating in a report on Friday, October 25th. Truist Financial raised their target price on Digital Realty Trust from $168.00 to $202.00 and gave the stock a “buy” rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. upped their price target on Digital Realty Trust from $180.00 to $185.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Barclays boosted their price objective on shares of Digital Realty Trust from $135.00 to $142.00 and gave the company an “underweight” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $170.37.

About Digital Realty Trust

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL, the company's global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx) solution methodology for powering innovation and efficiently managing Data Gravity challenges.